151 E Stephenson St · Shreveport, LA 71104

$69,900

2 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 6 Days on market

Built 1950 7,013 sqft lot Est $114k · 39% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• Rent growth +3.4/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Move-in ready and ideally located just a short walk from Centenary College, this charming 2-bedroom, 1-bath home offers convenience, comfort, and investment potential. Inside, you'll find new carpet in both bedrooms and beautiful hardwood floors throughout the living and dining areas, creating a warm and inviting atmosphere. Major updates include the HVAC system and water heater, both replaced within the last five years for added peace of mind. Step outside to enjoy a spacious, privacy-fenced backyard with plenty of room for entertaining, pets, gardening, or relaxing. Whether you're a first-time homebuyer, college student seeking a prime location, or an investor looking for a turnkey rental

Key facts

• New carpet
• Water heater
• Move in ready

Tags

• MOVE IN READY
• NEW CARPET
• HARDWOOD FLOORS
• HVAC SYSTEM
• WATER HEATER
• PRIVACY FENCED BACKYARD

Property features AI

Finance

• Other: Subdivision: Evans & Slaughter Subn.; County: Caddo; Country: United States
• Financial info: Accepts cash and conventional financing; Treat as clear loan type; No second mortgage indicated
• HOA & community: No homeowners association

Exterior

• Parking: Driveway (no garage, no covered or carport spaces listed)
• Utilities: City water; City sewer; Not in a municipal utility district
• Home design: Single-family residence; One-story; Residential property; Not attached
• Construction: Metal roof; Pillar/post/pier foundation; Built in 1950; Preowned
• Exterior features: Lot under 0.5 acre

Interior

• Kitchen: Electric cooktop; Electric oven; Refrigerator; Breakfast bar; Built-in cabinets
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Carpet; Hardwood; Luxury vinyl plank
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Open floorplan; Built-in features; Cable TV available; High-speed internet available; Chandelier
• Laundry & utility: Laundry area in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 12.1% vs local median 5.7% in Shreveport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 59/100 on livability (#270 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Caddo Parish (urban): math 21% / reading 32% proficiency, ranked #53 of 98 in LA (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.6%/yr); 146 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 221 units permitted in Caddo Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Caddo County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 66% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,900

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.47% ✓
• Cap rate: 12.07%
• Cash-on-cash: 20.65%
• DSCR: 1.92
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $114,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
225 E Elmwood St	0.21mi	3/1.5 (+1)	1,117 (-0%)	2mo	$89,500	$80	81
140 E Rutherford St	0.40mi	2/1.0	1,130 (+1%)	9mo	$138,999	$123	72
271 E Linden St	0.19mi	2/1.0	1,003 (-10%)	4mo	$71,900	$72	70
230 Elmwood E	0.19mi	2/1.0	972 (-13%)	5mo	$90,000	$93	65
3035 Dallas St	0.67mi	3/1.0 (+1)	1,111 (-1%)	1mo	$100,000	$90	61
257 E Dudley Dr	0.47mi	3/1.5 (+1)	1,035 (-8%)	5mo	$137,500	$133	55
3850 Greenway Pl	0.70mi	3/1.0 (+1)	1,132 (+1%)	8mo	$180,000	$159	54
232 E Gregg St	0.49mi	3/1.5 (+1)	1,003 (-10%)	2mo	$75,000	$75	51
550 Stephenson St	0.56mi	2/1.0	1,255 (+12%)	7mo	$128,000	$102	48
110 E Prospect St	0.68mi	3/1.0 (+1)	1,211 (+8%)	7mo	$87,000	$72	44
3712 Greenway Pl	0.64mi	3/1.0 (+1)	1,254 (+12%)	8mo	$174,600	$139	38
3880 Greenway	0.74mi	3/1.0 (+1)	1,278 (+14%)	8mo	$149,900	$117	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.56% rent growth · sell at horizon

5-year hold

• IRR: 13.6%
• Equity multiple: 1.55×
• Total profit: $10,720
• Equity at exit: $10,422

10-year hold

• IRR: 22.9%
• Equity multiple: 3.01×
• Total profit: $39,430
• Equity at exit: $6,044

Cash invested: $19,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 71104

• Home prices YoY: -32.2%
• Rents YoY: 3.6%
• Active inventory: 146
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,031 high
• Mortgage (P&I): −$367
• Tax from tax record: −$82 /mo · $984/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$217
• Net cashflow: $337

Break-even live

Break-even rent $605

Max offer price $69,900

Occupancy floor 62%

Sensitivity live

Price	-10% $376	-5% $357	+0% $337	+5% $317	+10% $297
Rent	-10% $255	-5% $296	+0% $337	+5% $378	+10% $418
Rate	-1.0pp $372	-0.5pp $355	base $337	+0.5pp $319	+1.0pp $300

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3516 Alexander Ave Shreveport, LA	2.0	1.0	1355	$1,250	$0.92	14d	1	0.10mi
229 Stephenson St Shreveport, LA	2.0	2.5	1500	$1,300	$0.87	14d	1	0.21mi
336 Atkins Ave Shreveport, LA	2.0	1.0	912	$900	$0.99	44d	1	0.37mi
314 Kings Hwy Shreveport, LA	1.0	1.0	1200	$700	$0.58	44d	1	0.38mi
219 E Slattery Blvd Shreveport, LA	2.0	1.0	1047	$1,000	$0.96	44d	1	0.39mi
553 Gladstone Blvd Unit A Shreveport, LA	1.0	1.0	850	$700	$0.82	44d	1	0.55mi
140 Wilkinson St Unit 142 Shreveport, LA	3.0	3.0	1174	$1,300	$1.11	22d	1	0.56mi
140 Wilkinson St Unit 140 Shreveport, LA	2.0	1.0	1000	$1,200	$1.20	22d	1	0.56mi
3307 Creswell Ave Shreveport, LA	1.0	1.0	700	$850	$1.21	44d	1	0.56mi
3305 Creswell Ave Shreveport, LA	2.0	1.0	1307	$1,350	$1.03	22d	1	0.56mi
561 Forest Ave Shreveport, LA	2.0	1.0	1358	$1,350	$0.99	22d	1	0.57mi
140 E Wilkinson St Shreveport, LA	3.0	3.0	1174	$1,300	$1.11	22d	1	0.57mi
2515 Centenary Blvd Shreveport, LA	2.0	1.0	1200	$2,500	$2.08	14d	1	0.63mi
315 Robinson Pl Shreveport, LA	2.0	1.0	1161	$800	$0.69	14d	1	0.65mi
342 Prospect St Shreveport, LA	1.0	1.0	800	$650	$0.81	22d	1	0.75mi
315 Dalzell St Shreveport, LA	2.0	2.5	1372	$1,100	$0.80	44d	1	0.76mi
640 Kirby Pl Unit 640 Shreveport, LA	1.0	1.0	850	$600	$0.71	22d	1	0.80mi
2618 Roosevelt Ave Shreveport, LA	3.0	1.0	845	$1,000	$1.18	22d	1	0.80mi
204 Boulevard St Shreveport, LA	2.0	1.0	1028	$1,195	$1.16	44d	1	0.82mi
202 E College St Apt 2 Shreveport, LA	1.0	1.0	800	$600	$0.75	44d	1	0.89mi
642 Robinson Pl Shreveport, LA	3.0	1.0	1500	$1,275	$0.85	22d	1	0.89mi
810 Rutherford St Unit A Shreveport, LA	1.0	1.0	700	$800	$1.14	14d	1	0.91mi
320 College St Unit A Shreveport, LA	1.0	1.0	800	$650	$0.81	22d	1	0.92mi
546 Dalzell St Shreveport, LA	2.0	1.0	1000	$875	$0.88	22d	1	0.92mi
103 E Merrick St Shreveport, LA	2.0	1.0	1200	$900	$0.75	45d	1	0.92mi
3840 Creswell Ave Unit 1 Shreveport, LA	2.0	1.5	1200	$1,000	$0.83	44d	1	0.92mi
431 College St Shreveport, LA	2.0	2.0	1100	$850	$0.77	14d	1	0.94mi
406 College St Shreveport, LA	2.0	1.0	1215	$900	$0.74	44d	1	0.95mi
3846 Creswell Ave Unit 3848 Shreveport, LA	2.0	2.0	1374	$1,125	$0.82	14d	1	0.95mi
926 Elmwood St Unit 928 Shreveport, LA	1.0	1.0	900	$695	$0.77	44d	1	1.01mi
126 E Olive St Shreveport, LA	2.0	1.0	1200	$1,500	$1.25	14d	1	1.03mi
818 E Washington St Shreveport, LA	3.0	1.0	1100	$1,300	$1.18	22d	1	1.04mi
533 Merrick St Unit C Shreveport, LA	1.0	1.0	825	$595	$0.72	22d	1	1.06mi
2615 Judith Pl Shreveport, LA	3.0	2.0	1450	$1,600	$1.10	14d	1	1.08mi
557 Merrick St Shreveport, LA	1.0	1.0	950	$725	$0.76	44d	1	1.08mi
2721 Fairfield Ave Shreveport, LA	2.0	2.0	1250	$1,200	$0.96	45d	1	1.12mi
2717 Fairfield Ave Shreveport, LA	2.0	1.0	1250	$950	$0.76	44d	1	1.13mi
708 College St Shreveport, LA	2.0	1.0	1156	$925	$0.80	14d	1	1.14mi
649 Merrick St Shreveport, LA	1.0	1.0	700	$650	$0.93	14d	1	1.15mi
3730 Fairfield Ave Shreveport, LA	1.0	1.0	783	$1,088	$1.39	22d	1	1.15mi

Listing history 6 events

1. 2026-06-18
   days on market $69,900 Active 6 DOM
2. 2026-06-17
   days on market $69,900 Active 5 DOM
3. 2026-06-16
   days on market $69,900 Active 4 DOM
4. 2026-06-15
   days on market $69,900 Active 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $69,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast LA · Resets to sale price

• Current annual tax: $984 · $82/mo
• Projected year-2 tax: $984 · $82/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 66% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,372
• − Mortgage interest: −$3,915
• − Property taxes: −$984
• − Insurance: −$350
• − Repairs & maintenance: −$990
• − Management: −$990
• − Depreciation: −$2,033
• Taxable income: $3,110
• Est. tax owed @ 24.0%: −$746
• After-tax cash flow: $3,295/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Caddo Parish
• NCES district ID: 2200300
• Math proficiency: 21% ▼ -33.00%
• Reading proficiency: 32% ▼ -30.00%
• Median HH income: $39,227
• Composite: 22.23/100
• National rank: #8148
• State rank: #53 of 98 in LA

Livability — Shreveport

• Score: 59/100
• State rank: #270
• US rank: #19730

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A Health & safety F User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shreveport, LA
• County: Caddo Parish · 178,536 people
• City population: 164,123
• Metro: Shreveport-Bossier City, LA
• Population (ZIP): 12,975
• Household income: $56,833
• Rent vs Own: 54.7% rent · 45.3% own
• Severe rent burden: 759.0

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 243,190 people
• By 2030: 237,231 · -2.5%
• By 2040: 222,502 · -8.5%
• By 2050: 206,516 · -15.1%
• By 2075: 165,706 · -31.9%
• By 2100: 122,262 · -49.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 53% Black 28% Two or more races 10% Hispanic / Latino 10% Asian 3%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Slovak 6% Lithuanian 4% Scottish 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% French/Haitian/Cajun 1% Tagalog/Filipino 1%

Political lean MEDSL · Caddo

• 2024 margin: Toss-up / Even · D 51.6% · R 47.0% · Other 1.4%
• 2008→2024 swing: +1.6pp toward D · 2008: 3.0pp · 2024: 4.6pp
• All cycles: 2024: D+4.6 2020: D+6.8 2016: D+4.2 2012: D+4.9 2008: D+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.61%
• Current HPI: 104.3781
• Rent YoY: ▲ 3.56%
• Metro: Shreveport-Bossier City, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

3 events — show timeline

• 2026-06-12 Listed $69,900 NTREIS
• 2006-07-31 Sold (Public Records) — Public Records
• 2002-03-18 Sold (Public Records) — Public Records

Property tax history

+14.2%/yr

Latest (2025): $984 · +0.4% YoY. Source: county tax records.